Starbucks sells 60% of China unit to Boyu at $4 billion value
Boyu Capital will hold up to a 60% interest in Starbucks’ retail operations in China through a new joint venture with the coffee seller, the companies said in a statement.…
Tala Health raises $100 million seed round, as Ritankar Das seeks to build a holding company for the AI era
Ritankar Das wants the holding company to make its comeback. “For the 20th century and for much of human history, were how things worked,” said Das, founder of AI-focused holding company…
Palantir quarterly revenue hits $1.2B, though shares dip in after-hours trading
Palantir delivered blockbuster quarterly earnings on Monday that topped analyst estimates and sent CEO Alex Karp’s trademark ebullience into overdrive, even if the company’s stock didn’t follow along for the…
Microsoft to send Nvidia’s top AI chips to the UAE despite Trump saying they wouldn’t be exported outside the U.S.
The agreement appeared to contradict President Donald Trump’s remarks in a “60 Minutes” interview aired Sunday that such chips would not be exported outside the U.S.Asked by CBS News’ Norah…
CEO Andy Jassy says Amazon’s 14,000 layoffs weren’t about cutting costs or AI taking jobs: ‘It’s culture’
Speaking during the company’s quarterly earnings call Thursday, CEO Andy Jassy said laying off those employees was about a mismatched cultural fit—and nothing else. “The announcement that we made a…
OpenAI signs $38 billion deal to power AI tools with ‘hundred of thousands’ of Nvidia chips via Amazon Web Services
OpenAI will be able to power its AI tools using “hundreds of thousands” of Nvidia’s specialized AI chips through Amazon Web Services as part of the deal announced Monday.Amazon shares…
Cybercriminals are stooping to a new low by targeting job seekers when the market is already bad: ‘Where’s the good sheep for the wolf to go attack?’
New data from DNSFilter shows that cybercriminals are stooping to a new low: targeting job seekers.The cybersecurity company found 8,724 malicious domains containing the word “jobs,” with the overwhelming majority…
Trump administration to partially fund SNAP this month after judges order use of emergency reserves
Exhausting the fund potentially sets the stage for a similar situation in December if the shutdown isn’t resolved by then.It’s not clear exactly how much beneficiaries will receive, nor how…
In private credit, banks are ‘quietly preparing for some distress on the horizon’ by requiring ever stricter legal terms for debt-ridden companies
The term refers to a 2017 incident in which the preppy clothing chain, under pressure from its creditors, utilized a “trap door” maneuver in which $250 million of its trademarks,…
Walmart CEO said paying its star managers upwards of $620,000 yearly empowered them to ‘feel like owners’
Their average base pay was hiked from $130,000 to $160,000, with the rest of the roughly half-a-million dollar salary made up of hefty stock grants and annual bonuses.With more than…
